In our Liberty Update this week, we emphasize the critical role that strong patent rights play in U.S. pharmaceutical innovation. Although the U.S. accounts for just 4% of the world’s population and 24% of the global economy, we account for an astonishing 2/3 of new drugs introduced worldwide, as this helpful image illustrates perfectly:

Patent Rights = Global Pharmaceutical Innovation Leadership

Strong patent protections, along with our more market-oriented approach, have made America the world leader in pharmaceutical innovation. At a moment like this amid the coronavirus pandemic, it’s more important than ever to protect that legacy and oppose misguided efforts by some in Congress to undermine it.